empty
 
 
01.02.2016 12:43 PM
Global macro overview for 01/02/2016

Global macro overview for 01/02/2016:

The PMI Manufacturing data from the eurozone was released this morning and it was mostly in line with analysts' expectations. The biggest surprise however was the UK PMI which came in better than expected: 52.9 vs. 51.8 and (forecast 52.2). The UK PMI remained above the neutrality level of 50.0 for 34 successive months now. Looking beneath the surface of the headline numbers shows that the prime drivers of the output growth acceleration were the consumer and investment goods sectors. A solid rate of expansion was also signaled by intermediate goods producers. In conclusion: the UK manufacturing sector posted an up tick in its rate of expansion at the beginning of 2016, shrugging off a number of potential headwinds, ranging from global financial market volatility to localized flooding in the North of the country. The domestic market remains the key driver of the economic growth, but after recent easing in the exchange rate, a number of manufacturers are still finding that the strength of the pound against the euro significantly influence the number of orders.

From the technical point of view, the recent downside breakout of the rising wedge was successful with new daily low reached at the level of 1.4147. Currently, the market is testing the lower channel line from the downside and any failure to break back above the level of 1.4317 will result in immediate reversal. The downtrend is still intact.

This image is no longer relevant

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Juni kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback